ASTANA, April 17. /Dunyo IA/. An agreement was signed in Bukhara to establish a joint venture fund between “IT Park Ventures” and “White Hill Capital” with a target volume of up to USD 2 million, reports Dunyo IA correspondent, citing with Kazakh news portal “the-tech.kz”.

The creation of the fund opens a new chapter in the development of venture cooperation between Uzbekistan, Kazakhstan, and the broader Central Eurasia region. It establishes an institutional platform aimed at supporting technology companies and deepening investment interaction in the region.

The fund will focus on startups from Central Asia, founders from the regional diaspora creating global projects, as well as selected international founders whose companies are capable of building strategic value for the region. Key priorities include technology transfer, entry into new markets, talent development and strengthening investment ties.

The fund is expected to facilitate the attraction of long-term capital, stimulate the growth of foreign direct investment and bring international investment expertise to the ecosystem. It will also expand opportunities for founders to attract funding, build partnerships and scale their businesses.

It is specifically noted that the initiative is aimed at strengthening the role of Uzbekistan, Kazakhstan and Central Eurasia as an emerging hub for venture and innovation activity.

In a broader sense, the fund is intended to contribute to the formation of a more integrated, institutionally mature and investment-attractive venture ecosystem in the region.